Meanwhile, Dogecoin shot up in the list of trending topics on Twitter after was also jumped over 26% when Tesla’s CEO Elon Musk tweeted that Dogecoin will be one of the payments options for certain merchandise purchases.
The global cryptocurrency market capitalisation suffered by 0.12% to $2.06 million over the last 24 hours while the trading volume also plunged by 27.12% to $61.66 billion on Sunday.
According to the Brazilian news outlet O Globe, Pedro Paulo, secretary for farming and planning in Rio de Janeiro, and Chicão Bulhões, secretary of economic development and innovation also intends to transform the city into the hub for the cryptocurrency industry.